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Markets :: Plastics :: PET

Indorama Completes Acquisition of PET Assets in Indonesia

12:01 AM MDT | August 10, 2012 | Deepti Ramesh

Indorama Ventures (Bangkok) says it has completed the previously announced acquisition of the polyethylene terephthalate (PET) resin assets of PT Polypet Karyapersada (Jakarta) at Cilegon, Indonesia, on August 9. The acquired PET assets have a production capacity of 100,800 m.t./year and are located adjacent to the purified terephthalic acid (PTA) joint venture production facility of PT Indorama Petrochemicals. “The acquisition of these PET resin assets creates synergies including lowering the cost of both plants through shared services and logistic...

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